Sigor tackles AMA range of practices in new consultation paper
Gives guidance on advanced approaches
Described as an "evergreen document", the latest paper issued by the Basel Committee on Banking Supervision's sub-group on operational risk (Sigor), Operational risk – Supervisory guidelines for the advanced measurement approaches (AMA), is part of its aim to promote further convergence of AMA practices.
"Given that operational risk is a relatively young discipline, the paper is intended to be an evergreen document – as we identify further issues and convergence reached, these too will be added
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